UOA Development Berhad Initial Public Offering (IPO) received an overwhelming response with its public portion of 60 million shares. It was oversubscribed by 3.40 times. The IPO attract 23,171 applications or 263.9 million shares.
The institutional IPO prices was fixed at RM2.60 per share. Accordingly, the final retail price was fixed at RM2.52 per shares, represent 3 percent discount to the institutional price. The refund of RM0.38 per share will be send to successful retail applicants by 10 market days.
30 million shares were allocated for Bumiputera category while 30 million shares were allocated for Malaysian Public category. Below are the allotment summary for public portion.